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SunPower Stock Hits New 52-Week High (SPWR)

SunPower Corporation (Nasdaq:SPWR) hit a new 52-week high Thursday as it is currently trading at $16.22, above its previous 52-week high of $16.04 with 3.5 million shares traded as of 1:06 p.m. ET. Average volume has been 5.1 million shares over the past 30 days.

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- SunPower Corporation (Nasdaq: SPWR) hit a new 52-week high Thursday as it is currently trading at $16.22, above its previous 52-week high of $16.04 with 3.5 million shares traded as of 1:06 p.m. ET. Average volume has been 5.1 million shares over the past 30 days.

SunPower has a market cap of $1.86 billion and is part of the technology sector and electronics industry. Shares are up 174.4% year to date as of the close of trading on Wednesday.

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TheStreet Ratings rates SunPower as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. You can view the full SunPower Ratings Report.